Toronto, Ontario — Utreon has launched its live streaming solution, allowing users on multiple devices to view content creator video streams and participate in live chat with them.
Utreon featured its first livestream on May 22nd, 2021. It is currently in beta testing is planned to be deployed to a larger number of creators in the coming months. With the new integration, creators on Utreon are able to instantly livestream and chat with their audience, allowing for a seamless and engaging experience. The new live streaming feature offers low latency and 1080p quality video.
“The debut of live streaming marks an important milestone in Utreon’s road map. We are now in a great position to be able to deliver on innovative features that will allow for a more meaningful interaction between users and creators.” said Edward Brawer, CEO of Utreon. “In the coming months we plan on rolling out additional complimentary features to our live streaming solution such as in-chat payments and interactive community boards.”
Sean Duncombe, COO, continued “The demand for live streaming has exploded in the last decade as users are looking for more interactive ways to converse with their favorite creators. Conversely, creators are viewing it as a useful tool to increase their revenue and following.”
Analysts at Grand View Research peg the global video streaming market at $50.11 billion in 2020 with a robust 21% compounded annual growth expected through to 2028.
80% would rather watch live video from a brand than read a blog.
45% of respondents in a Livestream/New York Magazine survey said they would pay for live video from a favorite performer, speaker or sports team. 87% of respondents said they prefer to watch video online if it meant more behind-the-scenes content.
Roughly 100 million internet users watch online videos every day, creating a lucrative market opportunity for Utreon.
Utreon is building a new and innovative video platform for creators of all types to stream to their followers worldwide. Utreon continues to double its signups and traffic on a monthly basis and is well on its way to hitting 1 million viewers per month by the end of the year.
Utreon will launch a completely native Android OS app next, which will compliment the native iOS app launched earlier this year. This will further Utreon's goal of being the only platform to offer a truly native experience on all devices.
Utreon is a next-generation platform built to revolutionize video through great technology, beautiful design, and awesome features. Founded in September of 2019, Utreon is a fast-growing company and is headquartered in Toronto. For more information, please see https://utreon.com/company